How Internet of Things (IoT) is Going To Impact Your Business?

Published: 30 Jan 2020

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Technology is constantly evolving at a lightening pace that we can hardly keep up with. The old sci-fi movies wherein everything could be controlled with a press of a button no longer remains a realm of fiction, it has become a reality. A decade ago, words like “smart-fridges” and “self-driving cars” which could only be considered a part of stretched imaginative mind-set have now become an intrinsic part of our vernacular. Considered technical jargon a few years ago, ‘Internet of things’ or ‘IoT’ no longer remains a buzzword. For the uninitiated, IoT is a network of everyday objects that makes life easier, from wearable devices, medical sensors, etc., allowing network connectivity to collect and exchange data.

Is IoT (Internet of Things) a new Concept?

No! The term was coined way back in 1985 by Peter T. Lewis. Although the phrase of “Internet of Things” has a fuzzy description, it basically aims to redefine our digital experiences by adding internet connectivity to anything to collect data that can provide value. And providing value is the key element here. We are entering into a semantic era, which is poised to be more intelligent, connected, and personalized and IoT is driving it.

How to make sense of it?

According to a Gartner’s report, IoT is estimated to account for over 25 billion devices by 2020 with a significant impact on the way we live and interact. It is important to note that IoT is not just a network of objects but it is about building experiences. For a business to capitalize on all that Internet of Things has to offer, it needs to understand how it can provide meaningful value and useful experience to its customers before plunging into the nitty-gritty of technology interface. Knowing how to make the most of the torrent of data pouring out of IoT platforms and using it to provide valuable business insights is the real business game.

How your business gets affected by IoT?

If you are someone who still thinks IoT doesn’t affect your business, it is time to wake up! For a company, a wake of any unfamiliar technology can be overwhelming especially an entity like ‘Internet of Things’ whose definition is still ambiguous. IoT is ushering a new era of digital revolution and if businesses are to survive for long term, they need to start implementing IoT technologies.

How Ninestars can help?

Our strategy at Ninestars operates at the juncture of technology and business by bringing together our capabilities and years of experience to help our clients execute industry-specific strategies for B2B, B2C, and B2B2C to gain sustainable profits, efficiency, and growth. Our innovative products and services help us visualize, seize, and lead the market. We do not follow the market trends but create them! With over 18 years in the industry, Ninestars Information Technologies Pvt. Ltd. has been instrumental in revolutionizing the media industry with innovative projects in newspaper archive digitization and contributing to the digital transformation journey of more than 150 organizations worldwide.

Ninestars is a forward-thinking, agile company that has evolved with the digital content industry, responding to market requirements and innovating consistently. We continue to sustain long-term engagements and exclusive partnerships as well as successfully deliver projects across the world.

At Ninestars, we specialize in harnessing the power of technology to drive greater customer value. We offer custom-built AI solutions that learn and think like humans. Our AI solutions connect our customers with their day-to-day work and empower their growth by providing unique insights, innovation and growth and better business outcomes.